Improving China’s benchmark interest rate system would help build up financial markets, deepen market-based interest rate reforms and improve monetary policy management, the People’s Bank of China … ( read original story …)
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China Central Bank Says It Will Improve Benchmark Interest Rate System
China’s bank sector cleanup puts local governments in firing line
As China’s regulators flesh out details of a long-awaited master plan to clean up the country’s banking sector, it’s becoming increasingly evident that much of the burden is going to fall on the … (…
What Happens If China Gets the Covid-19 Vaccine First
U.S. prestige could falter, the administration could take deadly risks, the world will have to rethink its alliances — and those are just a few of the possibilities. ( read original story …)
Chinese corona patient recovers after 111-day hospital stay
A Covid-19 patient from China has left the hospital after the longest-ever stay on a controversial life support machine, a report said on Monday. The 62-year-old man spent 111 days on an … ( read…
India says China’s military made moves near disputed border
India said Monday its soldiers thwarted “provocative” movements by China’s military near a disputed border in the Ladakh region. ( read original story …)
China Is Gunning To Be The World Leader In AI Chips While Restricting Exports
China has passed the US in AI chip patenting and their brightest star, Cambricon has more than four times as many patents as Nvidia. ( read original story …)
First Mover: Huobi Takes on OKEx in Futures, Opening New Front in ‘Chinese’ Rivalry
Huobi is taking on OKEx in the business of bitcoin futures trading, opening a new front in the ongoing rivalry between the two Chinese-led exchanges. ( read original story …)
China’s Attempts to Spur Consumption Show Signs of Working
A gauge of Chinese business activity outside the factory floor rose to its highest level in 2½ years in August, driven by the service sector. ( read original story …)
China Evergrande aims to list property management unit in HK this year
China’s major property developer Evergrande said on Monday it aims to complete the listing of its property management unit in Hong Kong this year. ( read original story …)
China central bank to improve benchmark interest rate system
China’s central bank said on Monday it will make interbank repo rates by depository institutions (DR) a key reference for monetary policy adjustment and financial market price-setting. ( read original story …)
China’s big banks face fallout as pandemic forebearance expires
China’s big banks up provisions for COVID-19 risks * Bad loans rise at all five banks * Net interest margins fall at four of five banks (Recasts, adds comments from bank officials) BEIJING/SHANGHAI, … (…
Credit Suisse Plans to Double China Headcount in Five Years
Credit Suisse Group AG plans to double its headcount in China over five years as the firm accelerates its pursuit of the nation’s wealthy, seeking to move past a scandal that’s engulfed once-favored … (…
China’s Yuan Strengthens as Trade and Economic Concerns Fade
China’s yuan has rallied to its strongest levels in more than a year, as the country’s economy continues to recover and investors grow less concerned about fresh U.S. tariffs. ( read original story …)
